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The Guardian - UK

Business

Alex Daniel

Government moves to nationalise Speciality Steel UK to protect 1,300 jobs

Jonathan Reynolds Sanjeev Gupta United Kingdom SSUK

An electric arc furnace at Speciality Steel UK’s plant in Rotherham — An electric arc furnace at Speciality Steel UK’s plant in Rotherham. The steelmaker also has sites in Stocksbridge, Brinsworth and Wednesbury. Photograph: Bloomberg/Getty Images

One of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).

Jonathan Reynolds, the business secretary, said officials would “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands.

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